Best SBA 7(a) lenders for hardware manufacturing
NAICS 332510 — Hardware Manufacturing.
61 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $49.6M.
Loans
61
Total $
$49.6M
Avg loan
$813K
Avg rate
8.08%
Avg term
134 mo
Industry chg-off rate
3.03%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 6 | $5.8M | $963K | 7.38% | 0.00% |
| 2 | Eastern Bank | 4 | $3.8M | $959K | 6.94% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 3 | $285K | $95K | 11.25% | 0.00% |
| 4 | Northeast Bank | 3 | $845K | $282K | 11.00% | — |
| 5 | Comerica Bank | 3 | $620K | $207K | 7.33% | 0.00% |
| 6 | Newtek Small Business Finance, Inc. | 2 | $700K | $350K | 6.13% | 0.00% |
| 7 | Washington Trust Bank | 2 | $1.7M | $862K | 8.50% | — |
| 8 | Readycap Lending, LLC | 2 | $554K | $277K | 10.13% | 0.00% |
| 9 | Wells Fargo Bank National Association | 2 | $725K | $362K | 9.35% | 0.00% |
| 10 | Fidelity Bank, National Association | 2 | $1.8M | $893K | 8.53% | — |
| 11 | Hinsdale Bank & Trust Company, National Association | 2 | $3.8M | $1.9M | 7.61% | — |
| 12 | Community State Bank | 2 | $3.2M | $1.6M | 5.63% | 0.00% |
| 13 | Community Bank, National Association | 2 | $1.5M | $763K | 3.63% | 0.00% |
| 14 | TD Bank, National Association | 2 | $497K | $249K | 9.24% | — |
| 15 | Enterprise Bank & Trust | 2 | $2.0M | $1.0M | 4.13% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 332510. Charge-off rates are calculated on the FY2020–FY2023 cohort only.